JP Morgan Downgrades Altair Engineering to Neutral, Announces $95 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Stephen Tusa has downgraded Altair Engineering (NASDAQ:ALTR) from Overweight to Neutral and set a price target of $95.

July 15, 2024 | 12:06 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
JP Morgan analyst Stephen Tusa downgraded Altair Engineering from Overweight to Neutral and set a price target of $95.
The downgrade from Overweight to Neutral by a major financial institution like JP Morgan is likely to negatively impact investor sentiment and short-term stock price performance. The new price target of $95 may also be seen as a ceiling for the stock in the near term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100